National Bank of Ukraine ex-governor Stepan Kubiv let the hryvnia freely float when he was appointed to the post more than three months ago, but he kept a measure in place to mandate foreign currency earners to convert half their revenue to hryvnias.
The Finance Ministry is finalizing plans to levy a property tax on individual homeowners and ratchet up the cost by pegging the tax rate to cadastral property values.
CEE Legal Matters Magazine publishes an article by Natalia Korosteleva and Evgeny Bolshakov.
The proposed tie-up between Holcim and Lafarge is unlikely to face competition hurdles in Russia. The country’s competition authority, the Federal Antimonopoly Service (FAS), is expected to assess the deal’s impact on regional cement markets, in which the two European companies' presence is largely complementary, said two Moscow-based lawyers.
Ilona Zekely, Partner of Egorov Puginsky Afanasiev & Partners in Ukraine, a regular contributor to Wirtschaftsblatt's newspaper column, comments on new currency rules for stabilizing Ukrainian financial sector.
CEE Legal Matters publishes an article by Ivan Smirnov.
Ilona Zekely, Partner of Egorov Puginsky Afanasiev & Partners in Ukraine, a regular contributor to Wirtschaftsblatt's newspaper column, comments on legal consequences of situation in Crimea.
Ukraine’s AIS automobile distribution corporation, which is owned by two Party of Regions lawmakers — Dmytro Svyatash and Vasyl Poliakov — has not been repaying a UkrSibbank loan worth $100 million for five years. But after the overthrow of President Viktor Yanukovych, who controlled the party, the bank debt may finally get repaid.
Law experts interviewed by the Kyiv Post unanimously agreed that their firms are constantly on the hunt for better-skilled professionals.
A law to curb piracy came into effect in August 2013. It has proven to be an “efficient instrument” in the fight against copyright infringement, especially since preliminary injunctions from courts became much easier to obtain.
Behind the scenes of the Winter Olympic Games in Sochi, an inconspicuous special tribunal consisting of sports arbitrators and lawyers operated to resolve disputes during the course of competitions.
Ilona Zekely, Partner of Egorov Puginsky Afanasiev & Partners in Ukraine, a regular contributor to Wirtschaftsblatt's newspaper column, comments on currency regulations at cross-border transactions.
The XBMA Forum publishes an article by Viatcheslav Yugay on changes in Russian merger control regulations.
Russia’s competition authority, the Federal Antimonopoly Service (FAS), has proposed amendments to eliminate the discrepancy in different definitions of a cartel in Russian competition law and the country’s criminal code, Andrey Tenishev, head of the cartel division at FAS, told PaRR. A definition given to a cartel in antimonopoly law will be integrated into criminal law, he explained.
The financial crisis took a heavy toll on Central and Eastern European economies. But local experts are confident that a recent spate of M&A activity could revive once-flagging deal flow.
